BRD - Groupe Société Générale S.A.
PRELIMINARY CONSOLIDATED AND SEPARATE FINANCIAL STATEMENTS
For the period ended
DECEMBER 31, 2024
BRD - Groupe Société Générale S.A.
CONSOLIDATED AND SEPARATE STATEMENT OF FINANCIAL POSITION
as of and for the period ended December 31, 2024
(Amounts in thousands RON)
Group | Bank | |||||
Restated | Restated | Restated | Restated | |||
December 31, | December 31, | January 1, | December 31, | December 31, | January 1, | |
2024 | 2023 | 2023 | 2024 | 2023 | 2023 | |
ASSETS | ||||||
Cash and cash equivalents | 8,658,035 | 12,461,891 | 9,160,986 | 8,657,954 | 12,461,819 | 9,160,917 |
Due from banks | 6,313,423 | 5,135,720 | 5,317,025 | 6,313,423 | 5,120,355 | 5,301,049 |
Derivatives and other financial instruments held for trading | 1,842,562 | 2,135,709 | 2,343,377 | 1,810,504 | 2,110,661 | 2,337,311 |
out of which: Pledged as collateral | 63,414 | 67,877 | 29,142 | 63,414 | 67,877 | 29,142 |
Financial assets at fair value through profit and loss | 9,208 | 11,376 | 14,262 | 9,208 | 11,376 | 8,132 |
Financial assets at fair value through other comprehensive income | 12,164,852 | 13,429,670 | 13,439,596 | 12,164,852 | 13,429,670 | 13,439,596 |
out of which: Pledged as collateral | 367,850 | 47,959 | 279,730 | 367,850 | 47,959 | 279,730 |
Financial assets at amortised cost | 54,812,982 | 46,277,069 | 39,492,767 | 54,459,688 | 45,865,368 | 38,746,704 |
Loans and advances to customers | 47,705,202 | 40,047,136 | 35,768,458 | 47,351,908 | 39,635,435 | 35,022,395 |
Debt securities | 7,107,780 | 6,229,933 | 3,724,309 | 7,107,780 | 6,229,933 | 3,724,309 |
out of which: Pledged as collateral | 201,025 | 405,212 | - | 201,025 | 405,212 | - |
Finance lease receivables | 2,023,475 | 1,691,734 | 1,407,394 | - | - | - |
Assets held for sale | 11,002 | 216,992 | 10,912 | 8,913 | 7,106 | 10,912 |
Investments in subsidiaries | - | - | - | 55,772 | 68,898 | 68,898 |
Investments in associates and joint ventures | 73,384 | 64,883 | 113,670 | 30,327 | 34,974 | 61,066 |
Property, plant and equipment | 1,109,780 | 1,073,896 | 1,063,863 | 1,100,231 | 1,051,237 | 1,046,443 |
Investment property | 10,096 | 14,536 | 15,503 | 10,096 | 14,536 | 15,503 |
Intangible assets | 610,742 | 505,958 | 407,487 | 608,020 | 504,221 | 405,667 |
Current tax asset | 25,119 | - | 23,563 | 24,251 | - | 23,563 |
Deferred tax asset | 307,925 | 309,089 | 496,034 | 306,005 | 303,152 | 478,893 |
Goodwill | 50,130 | 50,130 | 50,130 | 50,130 | 50,130 | 50,130 |
Other financial assets | 347,798 | 394,004 | 394,515 | 239,499 | 293,256 | 308,470 |
Other non-financial assets | 109,190 | 76,304 | 90,683 | 96,320 | 54,591 | 59,723 |
Total assets | 88,479,703 | 83,848,961 | 73,841,767 | 85,945,193 | 81,381,350 | 71,522,977 |
LIABILITIES AND SHAREHOLDERS' EQUITY | ||||||
Due to banks | 1,477,293 | 1,146,540 | 636,888 | 1,477,293 | 1,146,540 | 636,888 |
Derivatives and other financial instruments held for trading | 524,010 | 1,272,450 | 1,443,546 | 524,010 | 1,272,450 | 1,443,546 |
Due to customers | 67,935,142 | 62,405,609 | 56,660,841 | 68,215,487 | 62,641,838 | 56,915,740 |
Borrowed funds | 6,554,915 | 7,004,362 | 5,625,488 | 4,234,105 | 4,834,225 | 3,567,262 |
Subordinated debts | 1,245,458 | 1,245,400 | 1,238,651 | 1,245,458 | 1,245,400 | 1,238,651 |
Current tax liability | 3,221 | 36,181 | 5,595 | - | 35,074 | - |
Provisions | 334,633 | 348,066 | 393,452 | 327,200 | 333,810 | 380,172 |
Other financial liabilities | 627,070 | 1,204,463 | 611,911 | 584,957 | 1,105,095 | 528,794 |
Other non-financial liabilities | 326,499 | 323,884 | 265,629 | 312,742 | 301,895 | 234,888 |
Total liabilities | 79,028,241 | 74,986,955 | 66,882,001 | 76,921,252 | 72,916,327 | 64,945,941 |
Share capital | 2,515,622 | 2,515,622 | 2,515,622 | 2,515,622 | 2,515,622 | 2,515,622 |
Accumulated other comprehensive income/(loss) | (1,256,130) | (1,157,341) | (2,054,109) | (1,256,130) | (1,157,341) | (2,054,109) |
Retained earnings | 7,579,503 | 6,871,036 | 5,878,697 | 7,214,810 | 6,557,103 | 5,565,884 |
Other reserves | 562,658 | 565,021 | 560,744 | 549,639 | 549,639 | 549,639 |
Net assets attributable to owners of the parent | 9,401,653 | 8,794,338 | 6,900,954 | 9,023,941 | 8,465,023 | 6,577,036 |
Non-controlling interest | 49,809 | 67,668 | 58,812 | - | - | - |
Total equity | 9,451,462 | 8,862,006 | 6,959,766 | 9,023,941 | 8,465,023 | 6,577,036 |
Total liabilities and equity | 88,479,703 | 83,848,961 | 73,841,767 | 85,945,193 | 81,381,350 | 71,522,977 |
Delphine Mireille GARCIN-MEUNIER | Maria ROUSSEVA | |
Chairman of the Board of Directors | Chief Executive Officer |
Vladimir POJER | Simona PRODAN | |
Deputy Chief Executive Officer | Finance Executive Director |
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BRD - Groupe Société Générale S.A.
CONSOLIDATED AND SEPARATE PROFIT OR LOSS
as of and for the period ended December 31, 2024
(Amounts in thousands RON)
Group | Bank | |||
Restated | Restated | |||
2024 | 2023 | 2024 | 2023 | |
Interest and similar income | 4,781,815 | 4,219,824 | 4,589,501 | 4,024,293 |
out of which: Interest income calculated using the effective interest method | 4,630,922 | 4,110,695 | 4,589,143 | 4,022,905 |
Interest and similar expense | (1,870,172) | (1,494,670) | (1,790,891) | (1,432,436) |
Net interest income | 2,911,643 | 2,725,154 | 2,798,610 | 2,591,857 |
Fees and commission income | 1,331,225 | 1,180,975 | 1,287,502 | 1,142,224 |
Fees and commission expense | (522,450) | (430,732) | (515,623) | (423,361) |
Fees and commissions, net | 808,775 | 750,243 | 771,879 | 718,863 |
Gain from derivatives and other financial instruments held for trading | 245,305 | 41,527 | 243,834 | 40,362 |
Gain from foreign exchange | 100,135 | 299,265 | 98,937 | 297,412 |
Gain/(Loss) from financial instruments at fair value through profit and loss | (144) | 5,341 | (144) | 4,873 |
Net income from associates and joint ventures | 16,915 | 15,758 | 1,677 | 38,452 |
Dividend income from subsidiaries | - | - | 17,831 | 38,234 |
Other income/(expense) | (50,595) | (3,065) | (37,963) | (7,544) |
Net banking income | 4,032,034 | 3,834,223 | 3,894,661 | 3,722,509 |
Personnel expenses | (1,010,117) | (962,958) | (965,345) | (914,991) |
Depreciation, amortization and impairment on tangible and intangible assets | (255,996) | (248,423) | (251,760) | (243,868) |
Contribution to Guarantee Scheme and Resolution Fund | (43,517) | (68,094) | (43,517) | (68,094) |
Other operating expenses | (713,706) | (615,670) | (703,887) | (587,845) |
Total operating expenses | (2,023,336) | (1,895,145) | (1,964,509) | (1,814,798) |
Gross operating profit | 2,008,698 | 1,939,078 | 1,930,152 | 1,907,711 |
Net impairment gain/(loss) on financial instruments | (145,341) | 57,378 | (127,752) | 47,924 |
Profit before income tax | 1,863,357 | 1,996,456 | 1,802,400 | 1,955,635 |
Current tax expense | (320,067) | (324,514) | (312,079) | (316,546) |
Deferred tax expense | (19,514) | (16,113) | (15,497) | (4,909) |
Total income tax | (339,581) | (340,627) | (327,576) | (321,455) |
Profit for the period | 1,523,776 | 1,655,829 | 1,474,824 | 1,634,180 |
Profit attributable to equity owners of the parent | 1,524,409 | 1,639,581 | - | - |
Profit/(loss) attributable to non-controlling interests | (633) | 16,248 | - | - |
Delphine Mireille GARCIN-MEUNIER | Maria ROUSSEVA | |
Chairman of the Board of Directors | Chief Executive Officer |
Vladimir POJER | Simona PRODAN | |
Deputy Chief Executive Officer | Finance Executive Director |
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